TMB Platinum Credit Card

The Platinum Credit Card by Tamil Nad Mercantile Bank is a card that is offered to customers who maintain a fixed deposit with the bank. The card is given against the fixed deposit amount which is a minimum of Rs.50,000. The TMB Platinum Credit Card comes with no joining fee and a renewal fee of Rs.250.

Key Highlights of the TMB Platinum Credit Card

  1. No joining fees
  2. Valid for 3 years
  3. The card is given against a term deposit of Rs.50,000.

Features and Benefits of TMB Platinum Credit Card

Add-on card Benefit

Up to 2 add-on credit cards for family members.

Green PIN Benefits

TMB offers a paperless service and offers the PIN will be a green PIN where it will be generated online.

Cash Advance Benefits

25% of the credit limit can be given as an advance.

Interest-free Credit Period

Up to 45 days

TMB Platinum Credit Card Limit

The limit on the TMB Platinum Credit Card is given against a term deposit by the customer. On a term deposit of a minimum of Rs.50,000, the credit card limit will be assigned. A minimum credit limit of Rs.20,000 will be assigned.

TMB Platinum Credit Card Fees and Charges

Type of Charge

Amount

Issuance charges

Free

Renewal fee

Rs.199

Finance charges

2%

Annual fee

Rs.250

Replacement card charges

Rs.100

Late payment charges

Rs.250

Cash advance transaction fee

3% of the transaction amount

Charge slip retrieval fee

Rs.100

Duplicate statement fee

Rs.100

Cheque dishonour fee

Rs.150

Eligibility Criteria for the TMB Platinum Credit Card

  1. The individual must have a term deposit with the Tamil Nad Mercantile Bank.
  2. The term deposit must be for a minimum of Rs.50,000.
  3. Minimum tenure of 3 years is required as the tenure.

FAQs on TMB Platinum Credit Card

  • Can I avail add-on credit cards?

    Yes, the primary applicant can avail up to 2 add-on credit cards along with the primary TMB Platinum Credit Card for family members.

  • Is there any joining fee for the TMB Platinum Credit Card?

    No, there is no joining fee charged for the TMB Platinum Credit Card.

  • What is the minimum credit limit offered on the TMB Platinum Credit Card?

    The minimum credit limit offered on the credit card is Rs.20,000.

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